Issued to Sarah L. Winchester on Lake Shore & Michigan Southern Railway - 1924 dated Railroad $1,000 Bond - Wife of Winchester Repeating Arms Founder
Inv# AG2242 Bond
$1,000 3 1/2% Gold Bond issued to Sarah Lockwood Winchester, deceased. Printed by American Bank Note Company, New York. Extremely Important!
Sarah Lockwood Winchester (née Pardee; 1839 – September 5, 1922) was an American heiress who amassed great wealth after the death of her husband, William Wirt Winchester. Her inheritance from his estate included $20 million (equivalent to $529,862,069 in 2019) as well as a 50% holding in the Winchester Repeating Arms Company, which made her one of the wealthiest women in the world at the time. She is best known for using her vast fortune to continue construction on the Winchester mansion in San Jose, California, for 38 years. Popular legends, which began during her lifetime, held that she was convinced she was cursed, and the only way to alleviate it was to add on to her California home. Since her death, the sprawling Winchester Mystery House has become a popular tourist attraction, known for its staircases that lead to nowhere and its many winding corridors and doors leading to walls, or big falls. Read more at https://en.wikipedia.org/wiki/Sarah_Winchester
The Lake Shore and Michigan Southern Railway, established in 1833 and sometimes referred to as the Lake Shore, was a major part of the New York Central Railroad's Water Level Route from Buffalo, New York, to Chicago, Illinois, primarily along the south shore of Lake Erie (in New York, Pennsylvania and Ohio) and across northern Indiana. The line's trackage remains a major rail transportation corridor used by Amtrak passenger trains and several freight lines; in 1998, its ownership was split at Cleveland between CSX to the east and Norfolk Southern in the west. Read more at https://en.wikipedia.org/wiki/Lake_Shore_and_Michigan_Southern_Railway
The Winchester Repeating Arms Company was a leading American manufacturer of repeating firearms, headquartered in New Haven, Connecticut. Today, the Winchester brand is owned by the Olin Corporation, and its name is licensed to two subsidiaries of the Herstal Group: Fabrique Nationale (FN) of Belgium and the Browning Arms Company of Ogden, Utah.
The origins of Winchester Repeating Arms trace back to the Horace Smith and Daniel Wesson partnership based in Norwich, Connecticut, distinct from the later Smith & Wesson Revolver Company founded by the same individuals. Smith and Wesson acquired an improved version of Walter Hunt's 1848 "Volition Repeating Rifle" and its innovative "Rocket Ball" ammunition from inventor Lewis Jennings. Although Jennings' rifle was commercially unsuccessful and Robbins & Lawrence, the producer, ceased manufacturing in 1852, Smith developed a significantly enhanced rifle based on Jennings' design. The partnership also recruited Benjamin Tyler Henry, the former shop foreman at Robbins & Lawrence. In 1855, seeking to produce their "Volcanic" lever-action rifle and pistol, Smith and Wesson incorporated as the Volcanic Repeating Arms Company. Oliver Winchester, a clothing manufacturer, became its largest stockholder.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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